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Career Point Ltd.

BSE: 533260 Sector: Others
NSE: CAREERP ISIN Code: INE521J01018
BSE LIVE 15:56 | 09 Dec 116.30 2.25
(1.97%)
OPEN

116.55

HIGH

120.70

LOW

115.25

NSE LIVE 15:31 | 09 Dec 116.15 1.40
(1.22%)
OPEN

115.80

HIGH

120.35

LOW

114.90

OPEN 116.55
PREVIOUS CLOSE 114.05
VOLUME 5643
52-Week high 154.00
52-Week low 94.50
P/E 12.89
Mkt Cap.(Rs cr) 210.85
Buy Price 0.00
Buy Qty 0.00
Sell Price 116.30
Sell Qty 3.00
OPEN 116.55
CLOSE 114.05
VOLUME 5643
52-Week high 154.00
52-Week low 94.50
P/E 12.89
Mkt Cap.(Rs cr) 210.85
Buy Price 0.00
Buy Qty 0.00
Sell Price 116.30
Sell Qty 3.00

Career Point Ltd. (CAREERP) - Chairman Speech

Company chairman speech

Education empowers.

An educated society is a wealthy society. Career Point today is known for itscommitment and dedication in providing quality education for the students fromKindergarten to Post-graduation. We always aspire to provide an exemplary educationalexperience through academic excellence student centric environment and integrated valuesystem.

Career Point is known for its decades of experience offering result oriented teachingmethodologies and learning approach. Students at Career Point institutions are given allpossible opportunities scope and encouragement to hone their skills and display theirtalent on various platforms. Emphasis is laid upon shaping the CPians in to smartindividuals with strong commitment towards their chosen goals. Such encouragement andmotivation has resulted in the students from Career Point Schools to Career PointUniversities winning several prestigious competitions and awards.

Individual attention is one of the key features of Career Point education system. Anunderstanding of the individual's learning pace helps to perform better. Scientificallydevised assessment systems help in identifying areas of improvements and build on keystrengths. Students here are involved in various activities aimed at grooming them onacademic as well as non-academic extracurricular skills. We attempt to explore and makeevery individual perform to the best of his or her potential.

In our formal education institutions we have formed various clubs to hone the creativetalents and bottled up emotions. Each club has an identity unique agenda and style of itsown. We believe the group activities are the best ways to inculcate team-player andleadership qualities too. In fact club activities are weaved in to the curriculum. Theobjective is to facilitate creative thinking foster sportsmanship and inculcate positiveattitude.

Our curriculums are designed to train the students as competent on global standards.The well-researched fully updated and industry-aligned (wherever required) curriculumsare structured to transform our students in to visionary change agents. The courseprograms not only benefit students in achieving their short-term goals but also provide alife-long learning.

The highly qualified experienced and passionate faculty as well as non-academic teamis the back-bone of Career Point's quality education delivery. They are involved in allaspects of the students' learning requirement whether academic or non-academic. CareerPoint provides all facilities required by teaching fraternities which are ideal for newgeneration teaching practices. The fun-filled and growth oriented teaching make thelearning process enlightening and ignite the child's intellectual curiosity.

We create a caring and stimulating environment in our institutions while providing apersonalized balanced and holistic education to young minds. In our institutions a teamof counselors and mentors is also appointed for counseling and providing emotional supportto students if required. The aim is to foster all round development that nurtures apositive outlook in the students to emerge as a confident individual.

The year at a glance

In year 2015-16 we enrolled more than 30000 students in both Formal Educationdivision and Informal Education division. In Tutorial service division which is Informaleducation total enrollments were 23010. In Formal Education division which includesHigher Education School Education and Vocational Education; total 7847 enrollments wereregistered by end of the period against 4954 by end of previous academic Session. Theyear on year growth of 58% or close to 3000 net new enrollments in Formal Education wasremarkable for the division.

The enrollment growth in various divisions brought higher profitability to the companywhich was clearly reflected in financial performance for the period. New divisions mainlySkill Development and e-Learning also started contributing in the Company's growth path.However the most satisfying feature was the outstanding performances of our students.Total selections of 956 in JEE-Advanced 2016 with 34 among Top-500 in different categorieswas much superior result in terms of the success ratio compared to other leading playersin the field.

Career Point University Kota recorded best placement in the region with 700+placements in 97 esteemed organization during session 2015-16. Interestingly the studentstrength who was passing out from the university had not reached at this scale so CareerPoint University provided placement to students of other colleges and universities aswell. This is a remarkable achievement for our four-year-old young university and reflectsa very bright future for coming years; in fact these intuitions are built for centuries.

Career Point is always aggressive in technology led solutions whether it is onlineassessments live interactive classes recorded video lectures or digital library. InFY2015-16 the company added new offering named as studyboard.com to provide onlinetutoring and question-and-answer platform. The demand for such product is growing rapidlyand the market for these services is not confined with country borders.

Skill Development one of our new divisions showcased our credentials with exceptionalperformance during the fiscal year. This year we trained more than thousand candidatesunder both Central Government and State Government Schemes. Our partnership with NSDC -National Skill Development Corporation and various sector skill councils are some of thehighlight of the division. We are quite hopeful for an escalating growth going forwardbased on our initial progress and favorable market dynamics.

Just to have a glimpse of the opportunity the Pradhan Mantri Kaushal Vikas Yojna(PMKVY) version 2.0 which is one of the central govt.'s scheme in this space and CareerPoint is a participant was launched in July 2016 to train a total of 1 crore youth forthe next 4 years with an outlay of Rs12000 Crores.

Coming to financials in brief the income from operations on standalone level wasreported at Rupees 69.5 crores with year on year growth of 11%. The revenue includingother income was Rupees 78.8 crores against rupees 71.1 crores previous year. At consollevel the income from operations grew by 13% year-on-year post adjusting discontinuedincome from the last year. On back of higher enrollments operating EBITDA at standalonegrew by 60.5% to Rupees 17.7 Crores with margins of 25.5% compared to 17.6% previous year.

The net income grew at rupees 14.5 crores with an increase of 49.1% against fiscal2014-15. At consol level there has been a multi fold increase in net profit for the fullyear due to previous year's one-off loss. However the profit before taxes andextraordinary losses was also jumped by more than two times which is Rs. 21.5 croresversus Rs. 10.6 crores last year. As on 31st March 2015 the net worth of the company wasrupees 352 crores.

On financial front the growth in double-digits margins increase of more than doubleand positive cash flows from the formal education institutions are some of the keyhighlights of the year. Excellent performance across various divisions with a consistencyacross all quarters was noteworthy achievement.

We believe that each year brings new challenges and opportunities; the constant factorremains Career Point's commitment and dedication to groom new generations and open growthavenues. Career Point is committed to play a key role in transforming the world byempowering the global citizens.

Our endeavor has been to learn continuously the nuances of global education and alignthem to best-suit the needs of new generations. In this we have been fairly victorious -Thanks to the team Career Point and all its stakeholders.

With best wishes

Pramod Maheshwari

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